Norwest Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Norwest Equity Partners has acquired 7 companies. It has also invested in 3 others.

Norwest Equity Partners’ most common sectors for investment areconsumer products (19%) and information technology (12%) . The Firm’s most common investment types include secondary buyout (38%) and buyout (lbo, mbo, mbi) (25%). In total, Norwest Equity Partners has invested in 26 US states and 4 different countries. Its largest (disclosed) acquisition occurred in 2010 when it acquired Univar Solutions for $4.2B.

In the last 3 years, Norwest Equity Partners has exited 10 companies. The Firm’s most common exit type is secondary buyout (48%). Norwest Equity Partners’ largest (disclosed) exit occurred in 2012 when it sold Becker Underwood for $1.2B.

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M&A Summary

M&A Total Activity117
- M&A Buy Activity69
- M&A Sell Activity48
Total Sectors Invested 30
Total Countries Invested 4
M&A Buy/Sell Connections 44
M&A Advisors 13

Norwest Equity Partners

Transaction Criteria	Min	Max
Target Revenue	-	-
Target EBITDA	10	-
Investment Size	30	250
Enterprise Value	50	500
values in millions of USD

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

Investment Size

250

Enterprise Value

500

values in millions of USD

Year	≤ '17	'18	'19	'20	'21	'22	T
Buy (2.4/yr)	#	57	4	2	2	3	1	69
vol	$7.3B						$7.3B
Sell (2.4/yr)	#	36	2	3	1	4	2	48
vol	$4.5B		$340M				$4.8B
	117

Year

≤ '17

'18

'19

'20

'21

'22

Buy (2.4/yr)

vol

$7.3B

Sell (2.4/yr)

vol

$4.5B

$340M

$4.8B

117

Company	Date	Value	Type
Pure Archery Group	2022-07-11	-	Secondary Buyout
Eugene, Oregon · www.purearcherygroup.com
QTI Fibers	2022-07-01	-	Secondary Buyout
Dothan, Alabama · www.twitchellcorp.com
West Star Aviation LLC	2022-03-02	-	Secondary Buyout
East Alton, Illinois · www.weststaraviation.com
Thibaut, Inc.	2021-11-10	-	Secondary Buyout
Union, New Jersey · www.thibautdesign.com
Coretelligent LLC	2021-10-25	-	Secondary Buyout
Westwood, Massachusetts · www.coretelligent.com
Pentec Health, Inc.	2021-10-11	-	Secondary Buyout
Glen Mills, Pennsylvania · www.pentechealth.com
Focal Point Data Risk LLC	2021-08-02	-	Add-on Acquisition
Tampa, Florida · www.focal-point.com
Wahoo Fitness LLC	2021-07-07	-	Secondary Buyout
Atlanta, Georgia · www.wahoofitness.com
Avtex Solutions LLC	2021-03-01	-	Add-on Acquisition
Minneapolis, Minnesota · www.avtex.com
recteq LLC	2021-02-01	-	Growth Capital
Evans, Georgia · www.recteq.com
View All >>

Company

Date

Value

Type

Pure Archery Group

2022-07-11

Secondary Buyout

Eugene, Oregon · www.purearcherygroup.com

QTI Fibers

2022-07-01

Secondary Buyout

Dothan, Alabama · www.twitchellcorp.com

West Star Aviation LLC

2022-03-02

Secondary Buyout

East Alton, Illinois · www.weststaraviation.com

Thibaut, Inc.

2021-11-10

Secondary Buyout

Union, New Jersey · www.thibautdesign.com

Coretelligent LLC

2021-10-25

Secondary Buyout

Westwood, Massachusetts · www.coretelligent.com

Pentec Health, Inc.

2021-10-11

Secondary Buyout

Glen Mills, Pennsylvania · www.pentechealth.com

Focal Point Data Risk LLC

2021-08-02

Add-on Acquisition

Tampa, Florida · www.focal-point.com

Wahoo Fitness LLC

2021-07-07

Secondary Buyout

Atlanta, Georgia · www.wahoofitness.com

Avtex Solutions LLC

2021-03-01

Add-on Acquisition

Minneapolis, Minnesota · www.avtex.com

recteq LLC

2021-02-01

Growth Capital

Evans, Georgia · www.recteq.com

View All >>

Sector	Current #	Value	All-time #	Value
Consumer Products	4 (17%)	-	13 (18%)	-
Information Technology	4 (17%)	-	8 (11%)	-
Distribution	-	-	4 (6%)	4.2B (57%)
Software	1 (4%)	-	4 (6%)	500M (7%)
Food	3 (13%)	-	4 (6%)	-
Chemicals	1 (4%)	-	3 (4%)	200M (3%)
Consumer Services	2 (8%)	-	3 (4%)	-
Manufacturing	1 (4%)	-	3 (4%)	-
Retail	1 (4%)	-	3 (4%)	-
Engineering	1 (4%)	-	2 (3%)	2.4B (32%)
Apparel/Textiles	2 (8%)	-	2 (3%)	-
Communications	-	-	2 (3%)	-
Financial Services	1 (4%)	-	2 (3%)	-
Insurance	1 (4%)	-	2 (3%)	-
Plastics	-	-	2 (3%)	-
Media	-	-	1 (1%)	80M (1%)
Aerospace	-	-	1 (1%)	-
Automotive	-	-	1 (1%)	-
Building Materials	-	-	1 (1%)	-
Business Services	-	-	1 (1%)	-
Defense	-	-	1 (1%)	-
Education	1 (4%)	-	1 (1%)	-
Electrical Equipment	-	-	1 (1%)	-
Environmental	-	-	1 (1%)	-
Furniture	1 (4%)	-	1 (1%)	-
Healthcare Services	-	-	1 (1%)	-
Information Services	-	-	1 (1%)	-
Machinery	-	-	1 (1%)	-
Renewable Energy	-	-	1 (1%)	-
Test/Measurement Equipment	-	-	1 (1%)	-
Total	24	-	72	$7.3B

Sector

Current #

Value

All-time #

Value

Consumer Products

4 (17%)

13 (18%)

Information Technology

4 (17%)

8 (11%)

Distribution

4 (6%)

4.2B (57%)

Software

1 (4%)

4 (6%)

500M (7%)

Food

3 (13%)

4 (6%)

Chemicals

1 (4%)

3 (4%)

200M (3%)

Consumer Services

2 (8%)

3 (4%)

Manufacturing

1 (4%)

3 (4%)

Retail

1 (4%)

3 (4%)

Engineering

1 (4%)

2 (3%)

2.4B (32%)

Apparel/Textiles

2 (8%)

2 (3%)

Communications

2 (3%)

Financial Services

1 (4%)

2 (3%)

Insurance

1 (4%)

2 (3%)

Plastics

2 (3%)

Media

1 (1%)

80M (1%)

Aerospace

1 (1%)

Automotive

1 (1%)

Building Materials

1 (1%)

Business Services

1 (1%)

Defense

1 (1%)

Education

1 (4%)

1 (1%)

Electrical Equipment

1 (1%)

Environmental

1 (1%)

Furniture

1 (4%)

1 (1%)

Healthcare Services

1 (1%)

Information Services

1 (1%)

Machinery

1 (1%)

Renewable Energy

1 (1%)

Test/Measurement Equipment

1 (1%)

Total

$7.3B

State/Country	Current #	Value	All-time #	Value
United States	22 (92%)	-	69 (96%)	5.0B (68%)
	Minnesota	5 (21%)	-	15 (21%)	-
	Georgia	3 (13%)	-	6 (8%)	-
	Illinois	2 (8%)	-	6 (8%)	4.2B (57%)
	California	-	-	6 (8%)	580M (8%)
	New York	2 (8%)	-	4 (6%)	-
	Wisconsin	-	-	4 (6%)	-
	Texas	2 (8%)	-	2 (3%)	-
	New Jersey	1 (4%)	-	2 (3%)	-
	Massachusetts	1 (4%)	-	2 (3%)	-
	Iowa	-	-	2 (3%)	200M (3%)
	Florida	-	-	2 (3%)	-
	Oregon	-	-	2 (3%)	-
	Kentucky	-	-	2 (3%)	-
	Kansas	-	-	2 (3%)	-
	Connecticut	1 (4%)	-	1 (1%)	-
	Alabama	1 (4%)	-	1 (1%)	-
	Utah	1 (4%)	-	1 (1%)	-
	Tennessee	1 (4%)	-	1 (1%)	-
	Oklahoma	1 (4%)	-	1 (1%)	-
	Missouri	1 (4%)	-	1 (1%)	-
	Colorado	-	-	1 (1%)	-
	Virginia	-	-	1 (1%)	-
	South Dakota	-	-	1 (1%)	-
	Pennsylvania	-	-	1 (1%)	-
	North Carolina	-	-	1 (1%)	-
	Maryland	-	-	1 (1%)	-
Canada	1 (4%)	-	1 (1%)	-
	Ontario	1 (4%)	-	1 (1%)	-
India	1 (4%)	-	1 (1%)	-
France	-	-	1 (1%)	2.4B (32%)
Domestic	22 (92%)	-	69 (96%)	5.0B (68%)
Cross-border	2 (8%)	-	3 (4%)	2.4B (32%)
Total	24	-	72	$7.3B

State/Country

Current #

Value

All-time #

Value

United States

22 (92%)

69 (96%)

5.0B (68%)

Minnesota

5 (21%)

15 (21%)

Georgia

3 (13%)

6 (8%)

Illinois

2 (8%)

6 (8%)

4.2B (57%)

California

6 (8%)

580M (8%)

New York

2 (8%)

4 (6%)

Wisconsin

4 (6%)

Texas

2 (8%)

2 (3%)

New Jersey

1 (4%)

2 (3%)

Massachusetts

1 (4%)

2 (3%)

Iowa

2 (3%)

200M (3%)

Florida

2 (3%)

Oregon

2 (3%)

Kentucky

2 (3%)

Kansas

2 (3%)

Connecticut

1 (4%)

1 (1%)

Alabama

1 (4%)

1 (1%)

Utah

1 (4%)

1 (1%)

Tennessee

1 (4%)

1 (1%)

Oklahoma

1 (4%)

1 (1%)

Missouri

1 (4%)

1 (1%)

Colorado

1 (1%)

Virginia

1 (1%)

South Dakota

1 (1%)

Pennsylvania

1 (1%)

North Carolina

1 (1%)

Maryland

1 (1%)

Canada

1 (4%)

1 (1%)

Ontario

1 (4%)

1 (1%)

India

1 (4%)

1 (1%)

France

1 (1%)

2.4B (32%)

Domestic

22 (92%)

69 (96%)

5.0B (68%)

Cross-border

2 (8%)

3 (4%)

2.4B (32%)

Total

$7.3B

Type	Current #	Value	All-time #	Value
Secondary Buyout	11 (46%)	-	27 (38%)	7.3B (99%)
Buyout (LBO, MBO, MBI)	3 (13%)	-	18 (25%)	-
Growth Capital	7 (29%)	-	15 (21%)	-
Recapitalization	1 (4%)	-	4 (6%)	-
Divestiture	-	-	3 (4%)	-
Stake Purchase	-	-	2 (3%)	80M (1%)
Consolidation	-	-	1 (1%)	-
PIPE	1 (4%)	-	1 (1%)	-
Venture	1 (4%)	-	1 (1%)	-
Total	24	-	72	$7.3B

Type

Current #

Value

All-time #

Value

Secondary Buyout

11 (46%)

27 (38%)

7.3B (99%)

Buyout (LBO, MBO, MBI)

3 (13%)

18 (25%)

Growth Capital

7 (29%)

15 (21%)

Recapitalization

1 (4%)

4 (6%)

Divestiture

3 (4%)

Stake Purchase

2 (3%)

80M (1%)

Consolidation

1 (1%)

PIPE

1 (4%)

1 (1%)

Venture

1 (4%)

1 (1%)

Total

$7.3B

Type	Total #	Value
Secondary Sale	23 (48%)	1.6B (33%)
Trade Sale - Public Company	12 (25%)	3.0B (63%)
Trade Sale	5 (10%)	216M (4%)
IPO	5 (10%)	-
Merger	1 (2%)	-
Sold to Management	1 (2%)	-
Unknown	1 (2%)	-
Total	48	$4.8B

Type

Total #

Value

Secondary Sale

23 (48%)

1.6B (33%)

Trade Sale - Public Company

12 (25%)

3.0B (63%)

Trade Sale

5 (10%)

216M (4%)

IPO

5 (10%)

Merger

1 (2%)

Sold to Management

1 (2%)

Unknown

1 (2%)

Total

$4.8B

Financial	Deals
Houlihan Lokey	4
William Blair & Co. LLC	1
BDA Partners	1

Financial

Deals

Houlihan Lokey

William Blair & Co. LLC

BDA Partners

Legal	Deals
Winston & Strawn LLP	7
Skadden, Arps, Slate, Meagher & Flom LLP	5
Faegre Baker Daniels LLP	4

Legal

Deals

Winston & Strawn LLP

Skadden, Arps, Slate, Meagher & Flom LLP

Faegre Baker Daniels LLP

buy	#	Total
> $1B	2	$6.6B
$100M to $1B	2	$700M
< $100M	1	$80M
TOTAL	$7.3B
Largest	Univar Solutions, Inc. $4.2B (2010-11-30)

buy

Total

> $1B

$6.6B

$100M to $1B

$700M

< $100M

$80M

TOTAL

$7.3B

Largest

Univar Solutions, Inc.
$4.2B (2010-11-30)

sell	#	Total
> $1B	2	$2.3B
$100M to $1B	10	$2.5B
< $100M	1	$24M
TOTAL	$4.8B
Largest	Becker Underwood, Inc. $1.2B (2012-11-28)

sell

Total

> $1B

$2.3B

$100M to $1B

$2.5B

< $100M

$24M

TOTAL

$4.8B

Largest

Becker Underwood, Inc.
$1.2B (2012-11-28)

		Deals
Acquired from
Investor(s)	39%	28 (39%)
Strategic(s)	3%	2 (3%)
Exited to
Investor(s)	48%	23 (48%)
Strategic(s)	38%	18 (38%)

Deals

Acquired from

Investor(s)

28 (39%)

Strategic(s)

2 (3%)

Exited to

Investor(s)

23 (48%)

Strategic(s)

18 (38%)

Norwest Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary